Listen A firm has just purchased equipment for $200 million that will be depreciated using the 5-year modified accelerated cost recovery system (MACRS). What will the depreciation amount be in the 3rd year after the firm purchased the equipment? The 5-year MACRS schedule is given below. Round all intermediate calculations to 6 decimal points. Your final answer should be within $0.02 million of the correct answer choice. Year 1: 20% Year 2: 32% Year 3: 19.2% Year 4: 11.52% Year 5: 11.52% Year 6: 5.76% $38.40 million $104 million $11.52 million $40 million